SOLD
Sold on 03 May 2024 for $491,000

8 Jarrah Street
Mount Gambier SA 5290

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 97m2
Land area: 721m2
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Property Details for 8 Jarrah St, Mount Gambier

8 Jarrah St, Mount Gambier is a 3 bedroom, 1 bathroom House and was built in 1984. The property has a land size of 721m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Mount Gambier in the last 12 months.

Building Type
House
Year Built
1984
Floor Size
97m2
Land Size
721m2
Local Government
Mount Gambier
Lot/Plan
A150/F23081

Last Listing description (July 2024)

Imagine owning your very own Duplex property on one title on a massive approximately 1,077sqm combined sized block on Jarrah St! With its huge potential for quick capital gains, this is a dream come true for savvy investors with vision!

Picture yourself creating a profitable venture in this prime location, surrounded by the beauty of Mount Gambier.

Don't miss out on this golden opportunity!

Contact us now to learn more and secure this great investment!

Particulars:
Rental: 6 Jarrah St $295pw until May 2024 - 8 Jarrah $310pw until Oct 24
Council: City of Mount Gambier
Council Rates: $306.00 per quarter approx
Emergency Service Levy: $72.25 each approx
Sewer Charges: $79.50 per quarter approx

Property History for 8 Jarrah St, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$491,000
03 May 2024
Listed for Rent
$280/w
30 Sep 2022
  • 03 May 2024
    Sold for $491,000
  • 05 Feb 2024
    Listed for Sale Contact Agent
  • 30 Sep 2022
    Listed for Rent $280 / week
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About Mount Gambier 5290

The size of Mount Gambier is approximately 26.8 square kilometres. It has 114 parks covering nearly 24% of total area. The population of Mount Gambier in 2011 was 24,905 people. By 2016 the population was 25,511 showing a population growth of 2.4% in the area during that time. The predominant age group in Mount Gambier is 0-9 years. Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a trades occupation. In 2011, 61.7% of the homes in Mount Gambier were owner-occupied compared with 61.3% in 2016.

Mount Gambier has 13,838 properties. Over the last 5 years, Houses in Mount Gambier have seen a 96.17% increase in median value, while Units have seen a 88.81% increase. As at 30 September 2024:

  • The median value for Houses in Mount Gambier is $452,216 while the median value for Units is $316,661.
  • Houses have a median rent of $430 while Units have a median rent of $300.
There are currently 86 properties listed for sale, and 50 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 681 properties were sold in the past 12 months in Mount gambier.

Suburb Insights for Mount Gambier 5290

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.